AAPL...

...will be interesting to see if Apple crosses the upper white line again. The lower pretty flat purple line should be a target soon...

VIX ...

...let's see where the breakout takes us from here.

Silver to outperform gold

In the medium term it seems to be more likely that silver outperforms gold than the other way round...

Gold - Update

We finally saw a crossing of the lower grey line as mentioned in an earlier post. In the past spikes in volume often indicated a change in trend. Let's see...

GDX vs GLD - miners vs gold

compared to gold... miners seem to be really cheap right now and ready to outperform gold...

Gold Miners (GDX) - time for reversal?

You've probably seen loads of similar graphs in the last couple of weeks. I just wanted to confirm that the chances for a reversal are pretty good:
- sentiment is down,
- price is sitting on the 61 retracement and
- three falling bands which are all technically ready to be broken to the upside

Gold (GLD) - next move...

...will likely to be a crossing of the lower green line to about 1525 and probably a bit further.

USD - still bullish in the ...

...medium to long term. We might see a pull-back or even a bit more first. But in the longer term the upper purple line will breach. And the next crisis is coming for sure...

VIX - hope to see a new low

...at around 12...

DBA - bullish on agricultural softs

Sentiment for those softs is pretty down right now and charts are looking good for a reversal. I'm bullish on coffee, sugar, cocoa and wheat. whereas wheat spot might need to go a tiny bit lower. cocoa finally breached the orange line i mentioned a couple of months ago...I wouldn't invest in cotton right now.

GLD - update

Gold sentiment is down right now - a good setup for rising prices. Taking a look a the daily chart I'd still like to see prices of around and slightly below 148 (light blue line). The longer term picture (weekly chart)  would even justify prices of around 136 (grey line). Generally I'm still bullish on gold...

CAD - bullish in short to medium term

In the short to medium term I expect a bounce in the CAD - we might see another spike to the downside though. USD/CAD and EUR/CAD charts look similar...

AAPL - update

As already mentioned a few weeks ago I wanted to see a breach of this red line...finally!! Now AAPL is on top of a wide support zone going down to 350.

Dow Theory still works

Nice catch-up from IYT lately...

JNK vs SPY

Low quality bonds (JNK) and stocks are usually highly correlated (risk on - risk off). While JNK dropped significantly lately stocks were rocketing. If the rising wedge of the junk bonds breaks to the downside stocks will follow... Anyway should be worth a spread position!

AAPL - at least a tiny bit lower

I'd expect AAPL to break this red line soon...

EURGBP - expecting a consolidation

We will soon see the break of the upper blue trend line but I expect a consolidation first...

Silver and Gold

nice bullish moves from silver and gold on friday. however, a continuing strong USD has to be considered...

VIX and S&P - some thoughts

The S&P finally managed to break the upper trend line, which is not necessarily a bad sign for all the bears out there. Once the VIX breaks the lower red trend line the S&P would technically be ready again to go lower...